Oracle’s Upcoming Earnings Release and Stock Performance Insights

With a market capitalization of $392 billion, Oracle Corporation (ORCL) operates in enterprise information technology systems worldwide. Founded in 1977 and based in Austin, Texas, the company provides a broad range of products through its Oracle cloud software. Key offerings include Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, and Oracle Fusion cloud supply chain and manufacturing management, among others.

Q4 Earnings Expectations

The company is set to report its Q4 earnings on Tuesday, June 10. Analysts anticipate an earnings per share (EPS) of $1.30, which reflects a decline of 3.7% compared to the $1.35 per share reported in the same quarter last year. Historically, Oracle has met or exceeded analysts’ earnings expectations in three out of the past four quarters, with one miss.

2024 Financial Projections

For the fiscal year, analysts predict ORCL will report an EPS of $4.76, an increase of 3% from the $4.62 recorded in fiscal 2024.

Stock Performance Overview

Over the past year, ORCL shares have increased by 20.9%, outperforming the S&P 500 Index, which saw gains of 8.7%, and the Technology Select Sector SPDR Fund, which returned 4.2% during the same period.

Recent Earnings and Analyst Ratings

Following its Q3 earnings report on March 10, ORCL shares fell by 4.1%. The company reported a 6% year-over-year revenue increase, with total revenue reaching $14.1 billion. Significant growth was also observed in its cloud, cloud infrastructure, and cloud application revenues.

Regarding future outlook, analysts maintain a “Moderate Buy” consensus for ORCL stock. Out of 35 analysts, 21 suggest a “Strong Buy,” while 14 recommend a “Hold.” The average price target of $178.48 indicates a potential upside of 26.8% from the stock’s current price.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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